CYS Investments, Inc. Board of Directors Declares Second Quarter 2018 Common Stock Dividend of $0.22 Per Share, and Preferred Stock Dividends
NEW YORK--(BUSINESS WIRE)--Jun 8, 2018--The Board of Directors of CYS Investments, Inc. (NYSE: CYS) (the “Company”) today declared a quarterly dividend of $0.22 per share of common stock for the second quarter of 2018. The common stock dividend will be paid on July 11, 2018 to stockholders of record of common stock on June 22, 2018.
In accordance with the terms of the 7.75% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) of the Company, the Board of Directors of the Company has declared a Series A Preferred Stock cash dividend of $0.484375 per share of Series A Preferred Stock for the quarterly period that began on April 15, 2018, and ends on July 14, 2018. This dividend is payable on July 16, 2018 to stockholders of record of Series A Preferred Stock as of July 1, 2018.
In accordance with the terms of the 7.50% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) of the Company, the Board of Directors of the Company has declared a Series B Preferred Stock cash dividend of $0.46875 per share of Series B Preferred Stock for the quarterly period that began on April 15, 2018, and ends on July 14, 2018. This dividend is payable on July 16, 2018 to stockholders of record of Series B Preferred Stock as of July 1, 2018.
About CYS Investments, Inc.
CYS Investments, Inc. is a specialty finance company that invests on a leveraged basis primarily in residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. The Company refers to these securities as Agency RMBS. The Company has elected to be taxed as a real estate investment trust for federal income tax purposes.
Forward-Looking Statements Disclaimer
This press release contains statements that are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to the payment of the dividends and are based on our beliefs, assumptions and expectations of our future performance. These beliefs, assumptions and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, including those described in our filings with the Securities and Exchange Commission. If a change occurs, these forward-looking statements may vary materially from those expressed in this release. All forward-looking statements speak only as of the date on which they are made. Except as required by law, we are not obligated to, and do not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Please visit the Company’s website at http://www.cysinv.com.
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CONTACT: CYS Investments, Inc.
Richard E. Cleary, 617-639-0440
Chief Operating Officer
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: CYS Investments, Inc
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PUB: 06/08/2018 04:20 PM/DISC: 06/08/2018 04:20 PM